I dunno subject2load, I think deep down you're probably right and he's wrong. What the point of having all that money or assets if you don't benefit from them? My father in law is like this, pots of cash and assets but never spends any money, never goes anywhere and if he did I guarantee it would be coach. Now don't get me wrong, his money, his life, his choice, but ifI've got the funds and can buy myself some comfort, I'm gonna buy that comfort.
Of course this explains why I spend more than I earn and I'm always short of cash......